Innovative initiatives of development of Ukrainian and South Korea industries in the period of globalization challenges

Abstract

Innovation policy is an important component of the country’s economic development. The South Korean experience in the development of food industry enterprises indicates that industry enterprises are at a high scientific and technological level. According to the Global Competitiveness Index 4.0 rating of 2019, South Korea ranked 13th out of 141 countries in the world. This level has been achieved thanks to the transformations that have been taking place in science, technology and innovation since the 60s of the last century. In the context of European integration and the transition of Ukraine to new standards in the food industry, the South Korean experience in industry development is very relevant.